109
109
Oct 31, 2013
10/13
by
CNBC
tv
eye 109
favorite 0
quote 0
so the tax man is getting his cut of this improving economy and also as a result of those tax increases. that has led to this lowering of the u.s. deficit. that's something the obama administration says is a good thing. they feel like, you know, it's not getting enough attention here in all of this hullabaloo here in washington. >> a quick follow-up question if i might that kayla tausche raised. and that is all of the money that the federal government has collected in settlements, fines and so forth with, for example, financial services company -- companies in the hundreds of billions of dollars over the past four or five -- does that count here? >> it does. it goes to the treasury, but remember, a lot of those settlements are settlements to particular funds. so a lot of that is going to a mortgage fund, for example, which is going to help homeowners and other things. so some of it won't show up on the treasury's book. but you know, when you're dealing in trillions, a couple of billion is not necessarily enough to move the needle necessarily. >> all right. eamon javers, thanks very much
so the tax man is getting his cut of this improving economy and also as a result of those tax increases. that has led to this lowering of the u.s. deficit. that's something the obama administration says is a good thing. they feel like, you know, it's not getting enough attention here in all of this hullabaloo here in washington. >> a quick follow-up question if i might that kayla tausche raised. and that is all of the money that the federal government has collected in settlements, fines...
109
109
Oct 29, 2013
10/13
by
CNBC
tv
eye 109
favorite 0
quote 0
you have taxes and fees that you've got to pass on to the consumer. you've got no choice. so, they're going to be eating and swallowing higher expenses there. let me ask you about the jobs part of this story, because this is something that's under debate right now. because the law requires companies to offer health insurance to anybody working 30 hours or more, are you seeing increasing numbers in terms of companies saying, okay, then work 29.5 hours, go to part time, work fewer than 30 hours a week? >> i'm not sure whether or not the affordable care act and the 30-hour work week is driving it, but i can tell you that what we're seeing in our large accounts is higher in-group attrition, decreases in employment in our large groups, not nearly as high as 2009, but definitely higher than the last two, three years. and we're also seeing higher part-time employment and interest in part-time benefits. as you know, better than i do, the labor market statistics show much higher growth in part-time employment this year overall growth, the inverse -- >> which means higher premiums b
you have taxes and fees that you've got to pass on to the consumer. you've got no choice. so, they're going to be eating and swallowing higher expenses there. let me ask you about the jobs part of this story, because this is something that's under debate right now. because the law requires companies to offer health insurance to anybody working 30 hours or more, are you seeing increasing numbers in terms of companies saying, okay, then work 29.5 hours, go to part time, work fewer than 30 hours a...
137
137
Nov 1, 2013
11/13
by
CNBC
tv
eye 137
favorite 0
quote 0
and how we can prevent more tax like this from happen. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. at a ford dealer with a little q and a for fiona. tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee, affording peace of mind to anyone who might be in the market for a new set of tires? your ford dealer. i'm beginning to sense a pattern. get up to $140 in mail-in rebates when you buy four select tires with the ford service credit card. where'd you get that sweater vest? your ford dealer. maestro of project management. ba
and how we can prevent more tax like this from happen. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. at a ford dealer with...
125
125
Nov 1, 2013
11/13
by
KOFY
tv
eye 125
favorite 0
quote 0
and the tax credit legislation, calderon, i can make that play. but the capital play failed, the bill went nowhere. even so, ron calderon's relationship with the agent pretending to be a movie boss continued. a relationship the affidavit suggests the senator knew was trouble. we cannot have a conversation we just had, calderon is quoted as saying to the agent. we cannot a have a quid pro quo conversation. the alleged exchange of money and favors continues. a $4,000 vip table at this concert last halloween at the bellagio in las vegas, way beyond the legal gift limit calderon could accept. then this past winter, the affidavit says calderon gave a legislative staff john to the movie is producers a girlfriend who also was an undercover fbi agent. al jazeera america confronted calderon at a golf course, not surprisingly, the senator wouldn't talk. the sealed document includeds even more allegations. calderon, working with his brother, former assembly man caldercal der accused of taking money from a health care executive to help a new business avoid se
and the tax credit legislation, calderon, i can make that play. but the capital play failed, the bill went nowhere. even so, ron calderon's relationship with the agent pretending to be a movie boss continued. a relationship the affidavit suggests the senator knew was trouble. we cannot have a conversation we just had, calderon is quoted as saying to the agent. we cannot a have a quid pro quo conversation. the alleged exchange of money and favors continues. a $4,000 vip table at this concert...
393
393
tv
eye 393
favorite 0
quote 0
and the tax credit legislation, calderon, i can make that play. but the capital play failed, the bill went nowhere. even so, ron calderon's relationship with the agent pretending to be a movie boss continued. a relationship the affidavit suggests the senator knew was trouble. we cannot have a conversation we just had, calderon is quoted as saying to the agent. we cannot a have a quid pro quo conversation. the alleged exchange of money and favors continues. a $4,000 vip table at this concert last halloween at the bellagio in las vegas, way beyond the legal gift limit calderon could accept. then this past winter, the affidavit says calderon gave a legislative staff john to the movie is producers a girlfriend who also was an undercover fbi agent. al jazeera america confronted calderon at a golf course, not surprisingly, the senator wouldn't talk. the sealed document includeds even more allegations. calderon, working with his brother, former assembly man caldercal der accused of taking money from a health care executive to help a new business avoid se
and the tax credit legislation, calderon, i can make that play. but the capital play failed, the bill went nowhere. even so, ron calderon's relationship with the agent pretending to be a movie boss continued. a relationship the affidavit suggests the senator knew was trouble. we cannot have a conversation we just had, calderon is quoted as saying to the agent. we cannot a have a quid pro quo conversation. the alleged exchange of money and favors continues. a $4,000 vip table at this concert...
110
110
Oct 30, 2013
10/13
by
CNBC
tv
eye 110
favorite 0
quote 0
this illinois-based company has roughly $90 million in yearly earnings before interest, taxes, basically profits if you want to put it that way. it's valued around 8.5 times earnings on the potential sale or more than $750 million. so those coleman cable shares spiking here in the market session so far. >> thank you very much. the dow and s&p 500 record highs. nasdaq fresh 13-year high. where can you find opportunity right now at these prices? we've got almost a trillion dollars worth of investment advice for you. that's what this guy supervises. boeing, nike, american express the three big winners in the dow this year. how to play those favorite stocks, that and more when we return on "power lunch." more. more than a new interior lighting system. ♪ it is more than a hot stone massage. and more than your favorite scent infused into the cabin. it is a completely new era of innovation. and the highest expression of mercedes-benz. introducing the 2014 s-class. the best or nothing. intrtdd#: 1-800-345-2550lass. life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#:
this illinois-based company has roughly $90 million in yearly earnings before interest, taxes, basically profits if you want to put it that way. it's valued around 8.5 times earnings on the potential sale or more than $750 million. so those coleman cable shares spiking here in the market session so far. >> thank you very much. the dow and s&p 500 record highs. nasdaq fresh 13-year high. where can you find opportunity right now at these prices? we've got almost a trillion dollars worth...
76
76
Oct 30, 2013
10/13
by
FBC
tv
eye 76
favorite 0
quote 0
but there are now tax credits available for some of the smaller employers who want coverage to come into the marketplace. and for the other businesses hiring 50 or more, there is a standard that says an employee is she or she works 30 hours a week and that really came from a market snapshot from the small business administration of where the employee benefits are based on common the hours of work. and what we know about the economic data is the high point of part-time workers was in 2008 at 2009 at the height of the last recession. it has been decreasing each and every year and there is no data to support the fact that there is an uptick based upon the impending affordable care act. there may be some employers making decisions that i can tell you that there is no economic or employment data that supports the notion that this is not an effective law. >> that's true. and it is my understanding of part-time workers are at their lowest percentage of workers in many years right now part-time workers have never had options in the marketplace they are full-time college, but they will have optio
but there are now tax credits available for some of the smaller employers who want coverage to come into the marketplace. and for the other businesses hiring 50 or more, there is a standard that says an employee is she or she works 30 hours a week and that really came from a market snapshot from the small business administration of where the employee benefits are based on common the hours of work. and what we know about the economic data is the high point of part-time workers was in 2008 at...
115
115
Oct 31, 2013
10/13
by
CNBC
tv
eye 115
favorite 0
quote 0
. >> so you get a tax break for horses? >> there's a farm story there. >> so -- >> eerie estate. >> that's right. >> you tend to like the house that's not in urban areas. >> yes. >> why is that? >> it's not what i'm used to. >> more possibilities for remodelling? >> and more room to roam. >> does history affect property value? >> many houses where famous murders took place have been torn down or burnt down because nobody wanted to live there afterwards. >> will they keep shooting crime scene csi, i keep saying it will bring down the value. >> movies are good. >> what if you have wanted to sell a house in amityville? >> sleepy hollow. fascinate persian gulf. >> dolly, it's great stuff. let us know if you agree. tweet using #million dollar home. later she'll crown the top house during closing bell. >> let's send it over to dominic chu for a quick marketplace. >> ariad pharmaceutical is down, saying it will stop sales of its blood cancer drug iclusig. it's down about 86%, the stock, for the month. back to you. >> now to shares
. >> so you get a tax break for horses? >> there's a farm story there. >> so -- >> eerie estate. >> that's right. >> you tend to like the house that's not in urban areas. >> yes. >> why is that? >> it's not what i'm used to. >> more possibilities for remodelling? >> and more room to roam. >> does history affect property value? >> many houses where famous murders took place have been torn down or burnt down because...
106
106
Oct 30, 2013
10/13
by
CNBC
tv
eye 106
favorite 0
quote 0
but when you do that, i want to take corporate taxes to zero. they're stop building plants in puerto rico, they'll stop building plants in ireland, they'll stop gaming the system through corporate welfare, which is done through the tax system, it simplify it is and we'll get growth. >> you recently came through the cross hairs of krugman. "he seems to feel me must warn about the looming threat of a financial crisis" t." the title was "addicted to the apocalyp apocalypse." >> why would i be wasting my time going around to these colleges if we were doomed? we are absolutely not doomed. there are solutions. there's a lien fuse on this thing and we can fix it. we are absolutely not doomed and that is not anywhere near my message. >> she's speaking here at the wall street conference right upstairs, which i'm moderating today. a lot of big ideas here on what the future looks like. >> it a good ticket. we'll take a quick break here. "squawk on the street" will be right back. farmers presents: fifteen seconds of smart. so you want to drive more safely?
but when you do that, i want to take corporate taxes to zero. they're stop building plants in puerto rico, they'll stop building plants in ireland, they'll stop gaming the system through corporate welfare, which is done through the tax system, it simplify it is and we'll get growth. >> you recently came through the cross hairs of krugman. "he seems to feel me must warn about the looming threat of a financial crisis" t." the title was "addicted to the apocalyp...
167
167
Oct 31, 2013
10/13
by
FBC
tv
eye 167
favorite 0
quote 0
thus is the case for the gasoline tax throughout the united states. adam: couldn't make it a dedicated tax? >> politicians will not abide the dedication. turnpike authority is a separate corporation that owns the turnpike. adam: right. >> so the politicians can't steal that money without commiting a crime. adam: that never stopped them. >> but here's the point. this is just a revenue-generating mechanism. first the government says use more efficient cars. so we go to more efficient cars. government says we have to find another way to tax you because more efficient cars using less fuel. adam: discussion about puting a device in the car that would read mileages you drive and track you essentially. could you fill out, my odometer said this and end of the year said this and charge you based on that? >> yes you could. the device is more insidious than that. it not only reads amount of gas you wouldn't, reads where you went, and reads how long you idled. reads how fast you went. reads whether you came to a complete stop at stop sign. you want to get a ticke
thus is the case for the gasoline tax throughout the united states. adam: couldn't make it a dedicated tax? >> politicians will not abide the dedication. turnpike authority is a separate corporation that owns the turnpike. adam: right. >> so the politicians can't steal that money without commiting a crime. adam: that never stopped them. >> but here's the point. this is just a revenue-generating mechanism. first the government says use more efficient cars. so we go to more...
190
190
Oct 28, 2013
10/13
by
CNBC
tv
eye 190
favorite 0
quote 1
the taxes. only chile, norway and the united states are the only ones that haven't. don't you think we would get more jobs? isn't that the one thing? the president has been amenable to it. that's the one thing we could do in the next three months. lower the corporate tax. >> yes, make a deal with the company. the president may think, harks they brought the money back and all they did was raise the dividend. >> but lower the rate, bring back -- >> it's crazy. we have companies moving to ireland. ireland is very, very robust economy now. what's the point of that? >> they are still focused on borrowing more money from china and using government money to create jobs. this is the way to create jobs. >> given the fact our labor costs are low and our energy costs are among the best in the world, there is really no reason not to do business here. if we do business overseas, labor is much cheaper and energy much cheaper. both are in the squeeze box. let them send it can ba. start building plants where th
the taxes. only chile, norway and the united states are the only ones that haven't. don't you think we would get more jobs? isn't that the one thing? the president has been amenable to it. that's the one thing we could do in the next three months. lower the corporate tax. >> yes, make a deal with the company. the president may think, harks they brought the money back and all they did was raise the dividend. >> but lower the rate, bring back -- >> it's crazy. we have companies...
157
157
Oct 29, 2013
10/13
by
CNBC
tv
eye 157
favorite 0
quote 0
>> sure. >> i would like to do corporate tax reform. the question there is whether you can really do corporate tax reform in this relatively short period of time. you may be able to, at least, set up the parameters for the conversation. and that would be progress if people could agree on a framework for corporate tax reform. >> anything going on, chris? have you talked to -- it's not going to -- i really don't think there's any appetite for it on the right at this point to -- i think they want to get something done with you guys. this is an opportunity. >> i think it is an opportunity. and as to whether anything's happened, there have been some conversations. the first formal meeting of the conference committee will be tomorrow. my guess ask that will be primarily people offering their own perspectives on the budget and the way forward. and it will be after that that people really sit down and begin the negotiations. look, i do hope that we can find a way to at least take some, you know, small/medium steps forward to at least instill a
>> sure. >> i would like to do corporate tax reform. the question there is whether you can really do corporate tax reform in this relatively short period of time. you may be able to, at least, set up the parameters for the conversation. and that would be progress if people could agree on a framework for corporate tax reform. >> anything going on, chris? have you talked to -- it's not going to -- i really don't think there's any appetite for it on the right at this point to --...
345
345
Nov 5, 2013
11/13
by
CNBC
tv
eye 345
favorite 0
quote 1
. >> -- on property taxes. the question is, how many issues out there could dog him and is he too moderate for the republican party? >> those are all interesting questions. on the tax question, he's going to get hit by the fact that he promised to lower property taxes in new jersey and hasn't done that. he restrained the growth of property taxes. >> do you think he's going to get hit with -- >> being a tax razor who is not hard enough on fiscal issues. certainly not on social issue. he's going to get hit from the right. i think he can play nationally. if he goes against hillary clinton, that would be an interesting base. >> now, the rules in new jersey are very complicated. you can't go raise money from wall street without getting out of his job first. >> exactly. which is one of the reasons he didn't get on the ticket with romney. >> when would you have to make that decision? >> presumably, if he wants to raise a lot of money from wall street going into 2015, he would have to make it sometime early 2015 i woul
. >> -- on property taxes. the question is, how many issues out there could dog him and is he too moderate for the republican party? >> those are all interesting questions. on the tax question, he's going to get hit by the fact that he promised to lower property taxes in new jersey and hasn't done that. he restrained the growth of property taxes. >> do you think he's going to get hit with -- >> being a tax razor who is not hard enough on fiscal issues. certainly not on...
308
308
Nov 5, 2013
11/13
by
CNBC
tv
eye 308
favorite 0
quote 1
so if we raise taxes, that would mean raising taxes on the average american by about 20%. over the long term, when these entitlements really kick in, we're talking about raising taxes on the average american by something, like, 50%. so unless we get spending under control, we're going to have a very different world in the not-too-distant future. >> do you think -- and we're almost out of time -- that we are going to have another repeat in january of what we just went through in october? >> well, i hope not. and what i would like to see is, again, not so much a debate over the debt ceiling, but rather a debate over spending. that's the cause. that's the problem. we should be doing that right now, and we should be getting control of our budget before we get to the situation that we faced a few weeks ago. that was a terrible situation, obviously. it ended sort of well for a short period of time. but that's not the way to handle things. we need to get the spending under control. that's the only way to do it. >> ed lazear, thank you for taking the time. sounds like a sensible s
so if we raise taxes, that would mean raising taxes on the average american by about 20%. over the long term, when these entitlements really kick in, we're talking about raising taxes on the average american by something, like, 50%. so unless we get spending under control, we're going to have a very different world in the not-too-distant future. >> do you think -- and we're almost out of time -- that we are going to have another repeat in january of what we just went through in october?...
239
239
Oct 31, 2013
10/13
by
CNBC
tv
eye 239
favorite 0
quote 1
>> well, it's a tax on innovation. it makes no sense. it was a penalty, really, for the medical technology industry not coming to the party as the insurance companies and big pharma did. >> you mean not having better lobbyists. >> well, that could be it too. and so i'd like to see it go away. i don't know, but i think the number one issue, now, becky, is getting this system fixed and i think we've got to have a whole change at how we approach. we've got to get pragmatic. the republicans have been saying eliminate. you're not going to eliminate, that's the law of the land, let's get it done. like any group of executives, get it done, get it fixed and put them in charge. and the president's got to stop playing politics or else it'll drag down the administration for years to come. >> jim parsons is one of our guest hostst today. >> in your view, is there some sort of drop dead date where we go beyond where there just is not enough signed up that the insurance companies start to back out and this thing goes into -- is there a date around whi
>> well, it's a tax on innovation. it makes no sense. it was a penalty, really, for the medical technology industry not coming to the party as the insurance companies and big pharma did. >> you mean not having better lobbyists. >> well, that could be it too. and so i'd like to see it go away. i don't know, but i think the number one issue, now, becky, is getting this system fixed and i think we've got to have a whole change at how we approach. we've got to get pragmatic. the...
259
259
Nov 1, 2013
11/13
by
CNBC
tv
eye 259
favorite 0
quote 0
>> i am applying for my blue passport. >> do you still pay taxes in france? >> no, i don't. >> it's unbelievable, isn't it? >> it is crazy. >> you only got 7% of your assets. i'm surprised you have that much in france. >> french companies are global. second, they've been beaten up so much. no, no -- >> i got you. >> you have no access to capital. so the only very good businesses have survived in france. >> they've got to be good. >> that's right. that's right. so they don't need much capital, they usually have brands, more towards the services side of things, they're very global and as a consequence, you do find great stocks listed in france with very -- >> you went to a french business school. >> yes, that's an oxymoron. >> thank you for playing along. >> thanks for coming in. >> thanks for having me. >>> let's get back to this hour's special guest, philadelphia federal reserve president charles plosser. you've heard of guys that build like bomb shelters and stock it with canned goods. there are people in the past that said once the government puts in a poli
>> i am applying for my blue passport. >> do you still pay taxes in france? >> no, i don't. >> it's unbelievable, isn't it? >> it is crazy. >> you only got 7% of your assets. i'm surprised you have that much in france. >> french companies are global. second, they've been beaten up so much. no, no -- >> i got you. >> you have no access to capital. so the only very good businesses have survived in france. >> they've got to be good....
183
183
Oct 28, 2013
10/13
by
CNBC
tv
eye 183
favorite 0
quote 0
that is better than paying them a dividend that they get taxed on as we see it. we are going to grow natural gas very rapidly. >> i don't know what you feel about the share price response to the deal today. you certainly haven't rallied. there was an expectation in the mark at the time that possibly, you would split the company into two. i know some of the parts valuations have been at $50, oil, gas, gas, oil. >> right. >> i think you eluded to the second quarter that you might be open to that. today clearly signals that is not in the cards. >> when you look at it, this was a major step. it showed we were very serious about growing natural gas as a premier place. it would be a natural gas company with the coal piece. once they both become mature, we will look at that thing. we are not afraid of that. that's just good business. we are using these assets at the right pace. >> to be cat gogorical if we ca we are not going to. >> right now, we are going to grow the gas company and not borrow money to grow it. once it is mature, we will take a look at it at that point
that is better than paying them a dividend that they get taxed on as we see it. we are going to grow natural gas very rapidly. >> i don't know what you feel about the share price response to the deal today. you certainly haven't rallied. there was an expectation in the mark at the time that possibly, you would split the company into two. i know some of the parts valuations have been at $50, oil, gas, gas, oil. >> right. >> i think you eluded to the second quarter that you...
148
148
Nov 1, 2013
11/13
by
CNBC
tv
eye 148
favorite 0
quote 0
earnings came in better than expected but tax related. on the conference call, the company talked about the pipeline and how strong the oil and gas pipeline business was. that is a higher margin business. that's what the stock trades off of, and it took off. the company raised guidance, they'll do more in terms of buybacks and this is on the heels of another company, chicago bridge & iron, also good numbers. i think this space, the enc space, is the place to be for 2014. >> how big is their exposure to metals and mining? they mentioned the suspension of the mine and how that illustrates the headwinds they're facing and the whole industry of the metal and mining industry. >> it's a concern but not a surprise. it's the reason why the stock doesn't trade at the typical premium multiple that it gets relative to the group. as you get to betters havibility on that front, and again, oil and gas, much more important for the margins story. that's what people are paying attention to. >> right. on madison square garden, topping analysts expectations
earnings came in better than expected but tax related. on the conference call, the company talked about the pipeline and how strong the oil and gas pipeline business was. that is a higher margin business. that's what the stock trades off of, and it took off. the company raised guidance, they'll do more in terms of buybacks and this is on the heels of another company, chicago bridge & iron, also good numbers. i think this space, the enc space, is the place to be for 2014. >> how big is...